GitHub Reverses Tornado Cash Ban But Still Wavy:
Recall that the US Office of Foreign Assets Control (OFAC) added popular crypto tumbler Tornado Cash as an entity on the Specially Designated Nationals (SDN) sanction list last month which triggered an outcry from privacy and free speech advocates.
This led Microsoft-owned GitHub to remove its source code as well as terminated the user accounts of three individuals who contributed code to the Tornado project.
However, the platform reversed the ban of the coin mixer and contributors on the platform.
While notifying that the repos are, however, currently in “read-only” mode.
It was also confirmed as Ethereum dev Preston Van Loon tweeted that the hosting service is yet to reverse all actions and return the repositories to their former original status.
Anyways, Loon believes the move is still “progress from an outright ban.”
Why reverse the ban?
The reversal of the ban on Tornado Cash’s by GitHub follows clarification guidelines issued by the United States Department of the Treasury earlier this month, stating that merely “interacting” with итs open-source code, with certain provisions, would not violate sanctions imposed by the OFAC.
“U.S. persons would not be prohibited by U.S. sanctions regulations from copying the open-source code and making it available online for others to view, as well as discussing, teaching about, or including open-source code in written publications.
Similarly, U.S. persons would not be prohibited by U.S. sanctions regulations from visiting the Internet archives for the Tornado Cash historical website, nor would they be prohibited from visiting the Tornado Cash website if it again becomes active on the Internet.”
The interaction should not involve a prohibited transaction as per the guidance.
Meanwhile, Individuals initiating transactions using the mixer prior to sanctions being imposed on August 8th can apply for an OFAC license to execute the transaction or to make a withdrawal.